645 Burnside Avenue
East Hartford, CT 06108
9.4% ROI | 7.7% CAP RATE | 9-UNIT MIXED-USE INVESTMENT OPPORTUNITY! Positioned along East Hartford's active Burnside Avenue corridor, 654 Burnside Avenue offers investors a diversified income stream with one cafe plus eight residential units consisting of one 2-bedroom, three 1-bedroom apartments and four studios. The cafe pays its own gas and electric, helping reduce ownership expenses, while ample on-site parking adds convenience for both residential and commercial tenants. Recent property improvements include a new front porch, front entry doors, central boiler and hot water heater and select replacement windows. With a combination of commercial and residential income, strong visibility along Burnside Avenue, access to public transportation and proximity to neighborhood retail and services, this property presents an attractive opportunity to acquire a cash-flowing mixed-use asset. Multiple income streams. Ample parking. Strong returns. One investment.
| Listing Price | $1,098,888 |
| MLS® | 24205669 |
| Beds | 10 |
| Baths | 9 |
| Square Feet | 5,846 sqft |
| Lot Size | 0.31 acres |
| Year Built | 1903 |